This week Pemex sent a letter of intent to shipyard Hijos de J. Barreras (HJB) in Galicia, Spain, as a means to acquire 51% of the company’s stock. According to the letter signed by Pemex directors, the main goal behind the acquisition of the Spanish shipyard is to “transfer the technological knowledge of [...]Continue Reading →
Miguel Alonso Reyes – governor of Zacatecas – and Pedro Joaquin Coldwell – Energy Minister –inaugurated the construction of the new pipeline in Calera, Zacatecas.
The pipeline will begin operations in June 2014, and will serve as a supplier of energy, boosting productivity in the country, and at the same time promote competitive prices. Even [...]Continue Reading →
On several occasions Emilio Lozoya Austin – CEO of Pemex – has expressed concern about the NOC’s pension system, a situation that was reflected in today earnings call. There were several questions related to the amount of labor liabilities presented today; it is estimated that the value of this liability amounts to MX$ 1.3 billion pesos [...]Continue Reading →